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Occupy Wall Street protester speaks out

on October 13, 2011

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Unscrewing Shareholders

Courtesy : Daniel Fisher - Forbes By throwing out the SEC's settlement with Bank of America, a New York judge raises ugly questions about securities fraud cases. A federal judge in New York got his dander up about a practice that is routine in courts around the country: making shareholders pay twice for securities fraud . In a blistering ruling released Monday, U.S. District Judge Jed Rakoff rejected a settlement between Bank of America ( BAC - news - people ) and the Securities and Exchange Commission over $5.8 billion in bonuses it paid to Merrill Lynch employees last year, allegedly without warning shareholders. In that settlement, BofA denied lying to shareholders but agreed to pay the SEC $33 million and to never do it again. This struck Rakoff as unfair. Why should shareholders hand the government $33 million to settle claims that management hid information from them? “To have the victims of the violation pay an additional penalty for their own victimization was en

Gold Bull Market not yet Manic

Courtesy : Jack Adamo in Forbes Gold Bull Market Not Yet Manic Bull markets begin with attractive fundamentals and then momentum slowly takes over until utter insanity prevails. We're not there yet. Ride the gold bull market without getting bucked. Click here for the complete model portfolio in Jack Adamo's Insiders Plus newsletter and advisory service. " The hardest thing in investing is to ride a bull market all the way to the end." --Richard Russell The "R-Man" is 85 years old and has been writing about the market since the 1950s. The reason he gives for the above statement is that the psychological pressure to lock in your gains when you face a rough patch is very strong. Few people have the strength of conviction to weather such tough times. There have been numerous gut-wrenching corrections on gold's journey in price from a low of $256 back in early 2001 through its recent run past $1,100, but gold has continued to rise inexorably. Each time it pul

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Occupy Wall Street protester speaks out

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